3813 Mortensen LnIsland ParkID83429
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Island Park at 3813 Mortensen Ln, Island Park, ID, 83429 priced at $1,059,000 pairs $3,064/mo rent with after a $5,183/mo payment. Total monthly income equals $3,064/mo. Return on cash invested is 9.78% in year one, and rental yield stands at 3.47% on a $1,059,000 basis. Equity gained on principal adds $6,834/yr, and 5% annual appreciation accumulates to $292,582 by year five. Five-year ROI measures 47.85% and total cumulative return in cash reaches $164,183. For financing, Ziffy Mortgage’s DSCR program evaluates $3,064/mo property income against a $5,183/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83429, Island Park, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,760 (100%) |
| Owner Occupied HU | 508 (13.5%) |
| Renter Occupied HU | 59 ( 1.6%) |
| Vacant Housing Units | 3,193 (84.9%) |
| Median Home Value | $712,302 |
| Average Home Value | $714,218 |
Housing Distribution
Address Breakdown
Residential
636
Single Family
632
Multi-Family
4
Businesses
72
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Nearby investment properties with comparable prices
Listed by: Lorrie James • Welcome Home Realty
Mls Name: SRMLS
Mls Provider:
Mls ID: #2175116
Disclaimer: Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.